Corn Planting Leaps Forward This Week
Corn planting jumped from 19 percent to 55 percent complete this week providing little reason to rally the grain.
In the overnight session corn and wheat traded lower by 4 cents apiece, while soybeans was able to continue showing relative strength by gaining 2 1/4 cents.
Crop progress showed that wheat crops rated good-to-excellent improved by 1 percent on Monday after two weeks of unchanged...[Read More]
Crop Progress Update
Cody focuses on the planting progress for corn and soybeans as well as the winter wheat conditions report.
GrainTV focuses on the planting progress for corn and soybeans as well as the winter wheat conditions report
Market Awaits Crop Progress
The grains were mixed on Monday with corn and wheat cupping over on lows printed over the last two weeks
The market is anticipating the crop progress report out which will show the planting progress over the last week and give us an update on the condition of the winter wheat crop. The winter wheat crop rating has held steady at 42% good to excellent over the last two weeks after recent...[Read More]
U.S. Dollar Gains Strength and Nationwide Basis Sees an Increase
Tune in for an update on the current bird flu situation and weekly basis changes.
Weekly Cash Comments
Cash Commentary for week ending 01 May
Corn continued to find selling pressure in the futures market this week giving up 8 cents a bushel, while soybeans were unchanged for the week. For cash markets, corn basis posted a modest 1-cent advance on average across the US while soybeans were unchanged on the week.
Grains Mixed Headed into Friday
The grains were mixed going into Friday's trade session with more strikes at Argentina ports stalling export activity.
In the overnight session the grains are mostly steady with corn down 1/4 of a penny, soybeans off a half penny and wheat up 1 1/4 cents. The U.S. dollar is up a fraction of a percent and crude oil has fallen 18 cents.
Yesterday, the Buenos Aires grain exchange reported an increase in...[Read More]
Unexpected Export Sales Report
Tune in to hear about unexpected cancellations and underestimates as well as an update on South American exports.
Surprising Export Sales
This morning export sales surprised analyst expectations with wheat seeing significant old crop cancellations and soybeans booking over 400,000 metric tons of old crop sales.
In the overnight session the grains moved higher with corn up 1 1/2 cents, soybeans up 6 1/2 cents and wheat up 3 1/4 cents going into this morning’s pause in trade. The dollar index was trading lower most of the night, but has found some buying support underneath the 100 day moving average...[Read More]